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T Mobile US (TM5) Q3 2026 Earnings Report

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DE:TM5 Q3 2026 EPS Results

Actual EPS
EUR 2.88
Consensus EPS
EUR 2.58
Beat/Miss
Beat by +EUR 0.30
One Year Ago EPS
EUR 2.16

DE:TM5 Q3 2026 Revenue Results

Actual Revenue
EUR 21.12B
Expected Revenue
EUR 20.72B
Beat/Miss
Beat by +EUR 392.04M
YoY Revenue Growth
+7.41%

Earnings Announcement Details

Quarter
Q3 2026
Date
10/28/2026
Time
After Close
Conference Call
Wednesday, October 28, 2026
DE:TM5 Upcoming Earnings

T Mobile US's next earnings date is estimated for February 3, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:TM5 Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Oct 28, 2026|% Change Since:17.52%|
Earnings Call Sentiment|Positive

The call was strongly positive. T-Mobile reported industry-leading subscriber, revenue, EBITDA, ARPA, broadband, and free cash flow performance, raised several full-year targets, highlighted continued network and digital execution, and expressed confidence in long-term opportunities including AI, 5G broadband, fiber, enterprise, and spectrum. The main challenges were declining wholesale and prepaid revenue, expected seasonal and rate-plan-related churn, Q4 promotional variability, and the need to monitor future uplink capacity, but these issues were explicitly incorporated into the company's outlook.

Company Guidance

For full year 2026, T-Mobile now expects approximately 1 million account net additions, service revenues of approximately $76.8 billion, representing 8% growth for the full year, postpaid ARPA growth of approximately 3.5%, up from the previous expectation of 2.5% to 3%, Q4 postpaid organic service revenue growth of approximately 7% year-over-year, core adjusted EBITDA between $37.35 billion and $37.45 billion, up $100 million at the midpoint from the previous guide, cash CapEx of approximately $10 billion, and adjusted free cash flow between $18.7 billion and $18.8 billion, up $150 million at the midpoint from previous guidance; T-Mobile is tracking well ahead of the pace to reach 15 million customers by the end of the decade and is well on track towards its target of 3 million to 4 million fiber customers by 2030.

  • Strong Q3 Postpaid Account and Subscriber GrowthT-Mobile led the industry in postpaid phone net additions and 5G broadband net additions, contributing to 274,000 postpaid net account additions in Q3.
  • Postpaid ARPA Growth Exceeded 4%Postpaid ARPA grew over 4% year-over-year in Q3, while 5G broadband ARPU increased both year-over-year and sequentially.
  • Industry-Leading Financial GrowthQ3 postpaid service revenue grew 9%, total service revenue grew 6%, core adjusted EBITDA grew 11%, and adjusted free cash flow margin was 26%.
  • T-Life Digital Engagement Continued to ExpandT-Life monthly active users increased from over 30 million in June to 32 million in Q3. More than 80% of upgrades and half of phone line activations were completed digitally through the app, either independently by customers or with associate guidance.
  • Launch of Flexible T-Mix PortfolioT-Mobile launched its T-Mix portfolio to give customers more control over which wireless benefits they select and the ability to change those benefits as their needs change. The company cited survey data showing that 84% of customers want more control over how their wireless plans are structured.
  • Network Performance and RecognitionT-Mobile said its median network speeds are approximately 60% to 70% faster than those of its two largest competitors based on Ookla data. Opensignal named T-Mobile the global winner in 5G coverage, marking the company's recognition as a 5G global winner every year of the program.
  • AI-RAN and Physical AI ProgressT-Mobile completed what it described as the world's first AI-RAN call in a real-world network environment in Bellevue. The company is also testing how its network can deliver intelligence for physical AI applications, beyond simply connecting humanoid robots with eSIMs.
  • Kinetic Edge Partnership with AWST-Mobile is partnering with Amazon Web Services to build Kinetic Edge, which combines T-Mobile's nationwide 5G Advanced network and distributed edge with AWS cloud orchestration and AI services to support physical AI use cases.
  • Business Wireless MomentumT-Mobile for Business recorded its 17th consecutive quarter of positive ports and delivered healthy double-digit year-over-year revenue growth. J.D. Power named T-Mobile the most awarded business for business wireless customer satisfaction and ranked it first in both large enterprise and small business customer satisfaction.
  • Department of Justice Wireless Contract WinT-Mobile won the top position in the Department of Justice's wireless purchasing contract after the DOJ tested and evaluated its network against competing networks.
  • 5G Broadband Momentum and Customer SatisfactionT-Mobile said it had industry-leading FWA net additions in Q3 and is tracking well ahead of the pace required to reach 15 million 5G broadband customers by the end of the decade. Its 5G broadband ARPU increased both year-over-year and sequentially, and the product had the highest NPS of any broadband connectivity category, including fiber.
  • Fiber Business ScalingT-Mobile's fiber business reached approximately 20% 12-month penetration, with customer growth accelerating sequentially and year-over-year. The company said it remains on track to reach 3 million to 4 million fiber customers by 2030.
  • Raised Full-Year Account and Service Revenue OutlookT-Mobile now expects approximately 1 million postpaid account net additions in 2026 and full-year service revenue of approximately $76.8 billion, representing 8% growth.
  • Raised Postpaid ARPA and EBITDA GuidanceFull-year postpaid ARPA growth guidance increased to approximately 3.5% from the previous 2.5% to 3% expectation, driven by premium rate plan adoption, deeper customer relationships, and rate plan modernization. Full-year core adjusted EBITDA guidance increased to $37.35 billion to $37.45 billion, up $100 million at the midpoint from the previous guide.
  • Higher Free Cash Flow GuidanceAdjusted free cash flow guidance increased to $18.7 billion to $18.8 billion, up $150 million at the midpoint from the previous guidance. Full-year 2026 cash CapEx guidance remained approximately $10 billion.
  • Strong Premium Plan and Port-In EconomicsT-Mobile said 60% of lines from new accounts are on premium rate plans. Port-in ARPUs were 20% higher than port-out ARPUs, and the company attributed ARPA growth to new rate plans, premium plan adoption, deeper account relationships, 5G broadband, fiber, and other connected devices.
  • AI-Driven Network and Digital TransformationT-Mobile said it is well on track toward its goal of reducing care calls by 75%, supported by an AI voice assistant, call deflection, and proactive problem prevention. AI is also being used for network optimization and CapEx planning through its customer-driven coverage tool, while the AI-enabled technology stack has increased throughput and reduced cost to own.
  • Spectral Efficiency Gains Exceeded ExpectationsAI-based radio resource planning produced significant spectral efficiency gains in New York field testing that exceeded expectations. Ericsson and Nokia have discussed potential spectral efficiency gains of 20% up to 100% as AI-RAN develops, and T-Mobile said early results were promising.
  • Long-Term Network Capacity PreparationT-Mobile said its network capacity plan already assumes substantial traffic growth through 2030. Network traffic has increased 5x since the beginning of the 5G rollout, while network speeds have more than doubled. The company expects 2030 traffic to remain downlink-heavy but increasingly uplink-rich due to AI usage, wearables, AI agents, and physical AI devices.
  • Shareholder Returns and Capital AllocationThrough October 23, T-Mobile had completed $10.3 billion of share buybacks in 2026, compared with $9.9 billion in all of 2025. The company also increased its dividend per share by 15% and said its capital allocation framework remains focused on leverage, core business investment, spectrum, accretive M&A, buybacks, and dividends.
  • Strategic Spectrum DisciplineT-Mobile said it expects the 2027 and 2028 spectrum auctions to create opportunities, but will continue applying a rigorous build-or-densify-versus-buy analysis. The company cited its decision to walk away from the EchoStar spectrum deal because it did not make economic sense.
  • Customer Flexibility in Device ReplacementT-Mobile said it currently views a 36-month device cycle as appropriate while offering both 24- and 36-month options. The company emphasized giving customers flexibility on when to replace a device, whether to obtain one, and whether to wait for a newer version.

DE:TM5 Earnings History

DE:TM5 earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 03, 20272026 (Q4)2.40-1.68――
Oct 28, 20262026 (Q3)2.582.882.1633.61% (+0.73)
Jul 23, 20262026 (Q2)2.322.682.545.28% (+0.13)
Apr 28, 20262026 (Q1)1.802.032.31-12.02% (-0.28)
Feb 11, 20262025 (Q4)1.841.682.3-26.85% (-0.62)
Oct 23, 20252025 (Q3)2.152.162.34-7.66% (-0.18)
Jul 23, 20252025 (Q2)2.392.542.2314.06% (+0.31)
Apr 24, 20252025 (Q1)2.212.311.7929.00% (+0.52)
Jan 29, 20252024 (Q4)2.052.301.553.89% (+0.81)
Oct 23, 20242024 (Q3)2.172.341.6343.41% (+0.71)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed